Welcome to our dedicated page for Highpeak Energy，Inc news (Ticker: HPK), a resource for investors and traders seeking the latest updates and insights on Highpeak Energy，Inc stock.
HighPeak Energy Inc (HPK) is an independent oil and natural gas company focused on developing unconventional reserves in Texas' Midland Basin. This page provides investors and industry professionals with centralized access to official press releases, financial updates, and operational developments.
Key resources include: Earnings reports detailing production metrics, acquisition announcements, regulatory filings, and strategic partnership updates. Users gain insights into the company's drilling programs, asset management strategies, and responses to energy market trends.
Bookmark this page to track HPK's progress in optimizing its Howard County operations and managing commodity price exposure. Check regularly for new developments about reserve estimates, infrastructure investments, and environmental compliance initiatives relevant to oil & gas exploration.
HighPeak Energy, Inc. (NASDAQ: HPK) announced a quarterly dividend of $0.025 per share, set to be paid on May 25, 2023, to shareholders on record as of May 1, 2023. This decision underscores the company's commitment to returning value to its shareholders while maintaining a focus on its operations in the Midland Basin in West Texas. HighPeak is engaged in the acquisition, development, exploration, and exploitation of unconventional oil and natural gas reserves, contributing to its growth strategy.
HighPeak Energy, Inc. (NASDAQ: HPK) reported robust financial results for Q4 2022, highlighting an average sales volume of 37,348 Boe/d, a 42% increase from Q3 2022. The company's EBITDAX was $220.9 million for the quarter and $577.1 million for the full year, showing strong cash margins of $62.52 per Boe. Year-end proved reserves surged 92% to 123.0 MMBoe, with a PV-10 value of approximately $3.9 billion. The company plans to average 4-5 drilling rigs in 2023 and maintain flexibility in its capital plan amid economic uncertainties. HighPeak also declared a quarterly dividend of $0.025 per share in January 2023.
HighPeak Energy (NASDAQ: HPK) will release its 2022 fourth quarter and year-end financial results on March 6, 2023, after market close. A conference call will be held on March 7, 2023, at 10:00 AM CT to discuss the financial results and operational highlights. Investors can register for the call online and access a live audio-only webcast via HighPeak Energy's website. As an independent oil and natural gas company focused on the Midland Basin in West Texas, HighPeak Energy continues to explore and develop its reserves, aiming to enhance shareholder value.
HighPeak Energy (NASDAQ: HPK) announced on January 23, 2023, that its Board has initiated a review for strategic alternatives to enhance shareholder value, including a potential sale of the Company. Financial advisors Credit Suisse and Wells Fargo, along with legal counsel Vinson & Elkins, will assist in this review. HighPeak anticipates self-sustaining operations and positive cash flow in the second half of 2023, projecting average production rates of 47-53 MBoe/d in 2023 and 70-76 MBoe/d in 2024. The Company also reported a strong inventory of approximately 2,500 drilling locations, with a projected average return of 95% at prices of $90/Bbl WTI and $4/MMBtu HH natural gas.
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